Reality Check The Mexican government says that it will halve the volume of corn imports by 2024 while concurrently eliminating the use of glyphosate. Meanwhile, Brazilian farmers are concerned about their yields this coming season due to a current short supply of glyphosate. Brazil’s corn yield is 50 percent better than Mexico’s and its soybean yield is 125 percent larger. Mexico City may need a reality check on crop production.
Worker-Centric A DC trade association discussion today about the Biden Administration’s worker-centered trade policy brought notable comments. The policy seems narrowly focused on manufacturing despite the U.S. economy being dominated by services. It was charged that for too long U.S. trade po...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...